F"<:~: O~-9A TOWNOFMELVILE,LOUISIANA. FinancialReport. YearEndedSeptember30,203

Transcription

1 TOWNOFMELVILE,LOUISIANA FinancialReport YearEndedSeptember30,203 F"<:~: O~-9A

2 C.BurtonKolder,CPA* R~selF.ChOalpagne,CPA* wclcrflstave,cpa" ConradO.Chapman,CPA" P.TroyCou,'Vle.CPA*. GeraldA.Thibodeaux,Jr,CPA* AlenJ.LaBP/,CPA Ham/J.Clostio.CPA PenyAngeleScNgins,CPA ChristineL.Cousin,CPA MaryT>Thibodeaux,CPA KelyM.Doucet,CPA KenethJ.Ra~l,CPA ChewIL.Bartloy,CPA,CVA RobertS.Carter,CPA DanielW.Alexander.CPA KOLDER,CHAMPAGNE,SLAVEN&COMPANY,LC CERTIFIEDPUBLICACOUNTANTS P.O.BOX82329 Lafayete,LA70598 Phone(37) Fax(37) MANAGEMENTLETER TheHonorableWilieC.Haynes,I,Mayor andmembersoftheboardofaldermen TownofMelvile,Louisiana WEBSITE: W>KC~RGPAS.COM MEMBEROF: AMERICANINSTITUTEOF CERTIFIEDPUBLICACOUNTANTS SOCIETYOFLOUISIANA CERTIFIEDPUBLICACOUNTANTS WehavecompletedourauditofthefinancialstatementsoftheTownofMelvile,Louisiana,asof andfortheyearendedseptember30,203.thesesugestionsforyourinformationandconsideration relativetoimprovingtheinternalcontrolsandfinancialpracticesofthetownwerealsoincludedinour managementleterfortheprioryear,butarementionedagainforemphasis: l)townoficialshouldcloselymonitorexpenditures/expensesinalareasinordertomet itscurentandlong-termobligations. Townoficialshouldexamineitsacountsreceivablesoftwareforutilitybilings. DuringtheyearendedSeptember30,203,numerousproblemswerencounteredwith thesoftwareincludinglosofdata.thisledtodificultyindeterminingtheactual amountofutilityacountsreceivableatseptember30,203. Inaditiontothesugestionslistedabove,TheTownofMelvileshouldsek reimbursementfromalocalcitizenfordamagesof$4,534madetothetown'sgas system. Wewouldliketoexpresourapreciationtoyouandyouroficestaforthecourtesiesand asistancerenderedtousduringtheperformanceofouraudit.shouldyouhaveanyquestionsorned asistanceinimplementingourecomendations,pleasefelfretocontactus. Lafayete,Louisiana January15, SouthBeadle L~ayete,LA70508 Phone(37) F~(37) EastBridgeStret Bt~Bfidlge,LA70517 Phone(37) Fax(37) ~Weda Mark~le.LA71351 Phone(318) F~(318) Kolder,Champagne,Slaven&Company,LC CertifiedPublicAcountants 1234DavidDtlve,Suite]05 MarglmCity,LA70380 l~e(985)384-2~0 F~(985) O 408WCotl~aSUet VltlePlai~LA70586 Ph~(37) F~(37) W.SixthA~ Obertia,LA7065 Plaoae(37) F~(37) SeuthMalnStret Abevile,LA705l0 Phe~e(37) F~(37)

3 TABLEOFCONTENTS INDEPENDENTAUDITORS'REPORT GENERALPURPOSEFINANCIALSTATEMENTS (COMBINEDSTATEMENTS-OVERVIEW) Combinedbalanceshet-alfundtypesandacountgroups Combinedstatementofrevenues,expenditures,andchanges Combinedstatementofrevenues,expenditures,andchanges infundbalances-algovernmentalfundtypes infundbalances-budget(gapbasis)andactualalgovernmentalfundtypes Comparativestatementofrevenues,expenses,andchanges Comparativestatementofcashflows-proprietaryfundtype inretainedearnings-proprietaryfundtype Notestof'maneialstatements SUPLEMENTALINFORMATION SCHEDULESOFINDIVIDUALFUNDSANDACOUNTGROUPS GeneralFund: Comparativebalanceshet Statementofrevenues,expenditures,andchangesinfund Statementofrevenues-budget(GAPbasis)andactual Statementofexpenditures-budget(GAPbasis)endactual balance-budget(gapbasis)andactual SpecialRevenueFunds: Combiningbalanceshet Combiningstatementofrevenues,expenditures,andchangesin 1982SalesTaxFund- fundbalances Statementofrevenues,expenditures,andchangesinfund Statementofexpenditures-budget(GAPbasis)andactual balance-budget(gapbasis)andactual 1989SalesTaxFtmd- Statementofrevenues,expenditures,andchangesinfund balance-budget(gap&basis)andactual Pae_~L._ (continued)

4 TABLEOFCONTENTS(CONTINUED) DebtSe~iceFunds: Combiningbalanceshet Combiningstatementofrevenues,expenditures,andchangesin GeneralObligationBonds08/14/91Fund- fundbalances Statementofrevenues,expenditures,andchangesinfund SalesTaxBonds08/14/91Fund- Statementofrevenues,expenditures,andchangesinfired balance-budget(gapbasis)andactual balance-budget(gapbasis)andactual EnterpriseFund: UtilityFund- Comparativebalanceshet Comparativestatementofrevenues,expenses,andchanges Comparativestatementofoperatingexpensesbydepartment inretainedearnings Comparativestatementofcashflows Scheduleofchangesinasetsrestrictedforevenuebond debtservice GeneralFixedAsetsAcountGroup: Comparativestatementofganeralfixedasets Statementofchangesingeneralfixedasets GeneralLong-TermDebtAcountGroup COMPLIANCEANDINTERNALCONTROL Statementofgeneralong-termdebt ReportonComplianceandonInternalControlOver FinancialReportingBasedonanAuditofFinancial StatementsPerformedinAcordancewithGovernment Sumaryscheduleofcurentandprioryearaudit AuditingStandards OTHERSUPLEMENTALINFORMATION findingsandcorectiveactionplan Scheduleofnumberofutilitycustomers(unandited) Comparativedepartmentalanalysisofrevenuesandexpenses Scheduleofinsuranceinforce(unaudited)

5 C.El~'tonY,oldu.CPA~ KOLDER,CHAMPAGNE,SLAVEN&COMPANY,LC Rum~F.elwnpagne.CPA* CERTIFIEDPUBLICACOUNTANTS ~R.Slain.CPA~ ConradO.~.CPA" p.troygou~fm,~a~ NienJ.L~,CPA A.";'.,~.~,TdX.Jr.CPA~ Lafayete,LA70598 P.O.Box82329 Phone(37) Itgn-jJ.Clostio.CPA Pm~.~m,esaum~C~A Fax(37) W.KCSRCPAS.COM WEBSITE: ~L~CPA MarlT.Th~ KelyM.DOUC4t.CPA ~ CherlLBatik.CPA,eVA J,RaChJ,CPA CER'r1FtEDPUBLICACOUNTANTS AMERICANINSTITUTEOF MEMBEROF: R~ertS.~r~.CPA ~W.Nexs~.GPA CERIFEOPUBLICACOUNTANTS SOCIE'i~OFLOU~IANA INDEPENDENTAUDITORS'REPORT TheHonorableWilieC.Haynes,I,Mayor TownofMelvile,Louisiana andmembersoftheboardofaldermen Louisiana,asofandfortheyearendedSeptember30,203,aslistedinthetableofcontents.Thesegeneral purposefinancialstatementsaretheresponsibilityofthetownofmelvile,louisiana'smanagement.our WehaveauditedtheacompanyingeneralpurposefinancialstatementsoftheTownofMelvile, responsibilityistoexpresanopiniononthesegeneralpurposefinancialstatementsbasedonouraudit. theunitedstatesofamericaplicabletofinancialauditscontainedingovernmentauditingstandards, Weconductedourauditinacordancewithauditingstandardsandthestandardsgeneralyaceptedin isuedbythecomptrolergeneraloftheunitedstates.thosestandardsrequirethatweplanandperformthe auditobtainreasonableasuranceaboutwhetherthegeneralpurposefinancialstatementsarefreof materialmistatement.anauditincludesexamining,onatestbasis,evidencesuportingtheamountsand disclosuresinthegeneralpurposefinancialstatements.anauditalsoincludesasesingtheacounting principlesusedandsignificantestimatesmadebymanagement,aswelasevaluatingtheoveralgeneral purposefinancialstatementpresentation.webelievethatourauditprovidesareasonablebasisforour opinion materialrespects,thefinancialpositionofthetownofmelvile,louisiana,asofseptember30,203,andthe İnouropinion,thegeneralpurposefinancialstatementsreferedtoabovepresentfairly,inal resultsofitsoperationsandcashflowsofitsproprietaryfundtypefortheyearthenended,inconformitywith acountingprinciplesgeneralyaceptedintheunitedstatesofamerica. notarequiredpartofthegeneralpurposefinancialstatementsofthetownofmelvile,louisiana.such Thesuplementalinformationonpages26-70ispresentedforpurposesofaditionalanalysisandis information,exceptforthatportionmarked"unaudited"onwhichwexpresnopinion,hasbensubjected totheauditingproceduresapliedintheauditofthegeneralpurposefinancialstatementsand,inouropinion, isfairlypresentedinalmaterialrespectsinrelationtothegeneralpurposefinancialstatementstakenasa whole 204onourconsiderationoftheTownofMelvile'sinternalcontroloverfinancialreportingandonourtests ofitscompliancewithlaws,regulations,contractsandgrants.thatreportisanintegralpartofanaudit İnacordancewithGovernmentAuditingStandards,wehavealsoisuedareportdatedJanuaryt5, performedinacordancewithgovernmentauditingstandards,andshouldbereadinconjunctionwiththis 183;,SouthB~dle La~et~LA"/O.~*OSB~BI~I~LA7O517M~I~mlI~LA7t)$1MoflilnCky,LAT03S0VileBImk,LATO$~ reportinconsideringtheresultsofouraudit. P,'.oc,e(3T)Z PhoM()37) P~(318)2~3-92~2Phmle(985) ~1on~(3~ F~O37)~2~V,6OF~(3J?)3;Z-:Z~7F~(3IZ)253-z~1F~('~IS)~z4.]020 i13e~st]bridgescr,~13easlwadil1234dlvlddn~,$u~1054oiwcotl~stre~ F~(3'~-~e49 Oberlin,LA7~6~ 32WSixthA~ue F~x037)6~9-~t (37)639-4~"/ 20~SouthlCau.S~r~

6 takenfromthefinancialreportforthatyearinwhichwexpresedanunqualifiedopiniononthegeneral Thefinancialinformation,fortheprecedingyear,whichisincludedforcomparativepurposes,was purposefinancialstatementsofthetownofmelvile,louisiana. Kolder,Champagne,Slaven&Company,LC CertifiedPublicAcountants Lafayete,Louisiana January15,204

7 GENERALPURPOSEFINANCIALSTATEMENTS (COMBINEDSTATEMENTS-OVERVIEW)

8 ~4 t~t~ c~ ~li~

9

10 TOWNOFMELVILE,LOUISIANA CombinedStatementofRevenues,Expenditures,andChangesinFundBalances AlGovernmentalFundTypes YearEndedSeptember30,203 Revenues: Taxes Licensesandpermits Intergovemental Finesandforfeits Miscelaneous Totalrevenues Expenditures: Curent- Generalgovernment Publicsafety: Police Fire Highwaysandstrets Cultureandrecreation Debtservice- Principalretirement Interestandfiscalcharges Capitaloutlay Totalexpenditures Exces(deficiency)ofrevenues overexpenditures General Fund $20,196 23,872 52,569 10,51 17, ,680 16,756 78,939 8,657 5,171 3,581 Special RevenueDebt(MemorandumOnly) Service $15,513$16,619 8,23 123,736 13,425 47,132 2,354 1,28 "3, ,728 40,460 17,526 $152,328 23,872 52,569 10,51 25, ,14 130, ,071 31,01 56,459 6,702 40,460 17,526 $161,439 26,150 85,813 13,207 34, ,967 18, ,358 24,925 52,569 5,524 32,530 2,02 32, ,591 Otherfinancingsources(uses): Operatingtransfersin 15,0157,6737,570350,237210,52 Opemtingtransfersout (16,716)(195,584) (212,30)(123,470) Totalotherfinancingsources(uses)138,284(37,917)37,570137,93787,052 Deficiencyofrevenues andothersourcesover expendituresandotheruses (140)(1,501)(3,68)(5,329)(20,572) Fundbalances,begining Fundbalances,ending 3,109$1,89$20,561$25,569$30,898 Theacompanyingnotesareanintegralpartofthistatement. 6

11 TOWNOFMELVILE,LOUISIANA CombinedStatementofRevenues,Expenditures,andChangesinFundBalances- Budget(GAPBasis)andActual-AlGovernmentalFundTypes YearEndedSeptember30,203 Revenues: Taxes Licensesandpermits Intergovernmental Finesandforfeits Miscelaneous Totalrevenues Expenditures: Curent- Generalgovernment Publicsafety: Police Fire Highwaysandstrets Cultureandrecreation Debtservice- Principalretirement Interestandfiscalcharges Capitaloutlay Totalexpenditures Exces(deficiency)ofrevenues overexpenditures Otherfinancingsources(uses): Operatingtransfersin Operatingtransfersout Totalotherfinancingsources(uses) Exces(deficiency)ofrevenuesandother sourcesoverexpendituresandotheruses Fundbalances,begining Fundbalances,ending Theacompanyingnotesareanintegralpartofthistatement. 7 GeneralFund $21,250 31,0 50,278 10,50 2,50 135,528 Actual $20,196 23,872 52,569 10,51 17, , ,40 16, ,30 1,50 52,406 3,950 78,939 8,657 5,171 3,581 Variance- Favorable (Unfavorable) $(1,054) (7,128) 2,29151 (5,08) (10,848) 7,64 2,361 2,843 (2,765) ,0 15,0 15,0 (16,716) 138,284 (3,028)(140) 3,249 3,249 $21$3,109 (16,716) (16,716) 2,8

12 SpecialRevenueFunds $12,0 9, ,765 8,920 64,525 26,60 1,70 1,0 Actual $15,513 8,23 123,736 13,425 47,132 2,354 1,28 3,121 Variance- Favorable DebtServiceFunds $3,513 (1,542) 1,971 (4,505) 17,393 4, (2,121) $15, ,10 Actual $16, ,728 34,0 40,460 40,50 (58,50) (18~0) 157,67 (195,584) (37,917) 1,020(1,501) 3,40 3,40 $4,420$1,89 Variance- Favorable $1,619 (1) 1,618 (6,460) 3,027 (3,43) 17,396(39,43)(41,258)(1,815) 17,167 (137,084) (19,917) (2,521) 27,037,570 (12,43)(3,68) 24,24924,249 $1,806$20,56 _._.~1 10,570 10,570 8,75

13 TOWNOFMELVILE,LOUISIANA ComparativeStatementofRevenues,Expenses,andChangesinRetainedEarnings- ProprietaryFundType YearsEndedSeptember30,203and202 Operatingrevenues: Chargesforservices- Gasales Watersales Sewersales Delinquentcharges Miscelaneous- Slemcofranchise Other Totaloperatingrevenues Operatingexpenses: Gasdepartmentexpenses Waterdepartmentexpenses Sewerdepartmentexpenses Gasdepartmentdepreciation Waterdepartmentdepreciation Sewerdepartmentdepreciation Totaloperatingexpenses Operatingincome(los) Nonoperatingrevenues(expenses): Interestincome Interestexpense Totalnonoperatingexpenses Losbeforeoperatingtransfers Operatingtransfersin(out): Operatingtransfersin Operatingtransfersout Totaloperatingtransfersout Netlos Ad:Depreciationonfixedasetsacquiredbyfederalgrant revenuesexternalyrestrictedforcapitalacquisitions andconstructionthatreducescontributedcapital Decreaseinretainedearnings Retainedearnings,begining Retainedearnings,ending Theacompanyingnotesareanintegralpartofthistatement. 9 Totals 203 $23,892 87,075 91,181,687 51,287 1,726 46,85 198,752 83,604 42,845 39,38 32,156 68, ,682 $156,820 82,215 92,191 12)61 50,580 7, , ,81 89,290 51,028 40,159 32,874 69, ,589 1,173(15,835) 3,707 (60,721) (57,014) (208,726)(159,901) 109,982 (98,74) 297,926 $19, ,982 (49)19) 347,845 $297,926

14 TOWNOFMELVILE,LOUISIANA ComparativeStatementofCashFlows- ProprietaryFundType YearsEndedSeptember30,203and202 Cashflowsfromoperatingactivities: Operatingincome(los) Adjustmentstoreconcilenetoperatingincome tonetcashprovidedbyoperatingactivities- Depreciation Changesincurentasetsandliabilities: (Increase)decreaseinacountsreceivable Increaseinothereceivable Increase(decrease)incashoverdraft Decreaseinacountspayable Increase(decrease)inotheracruedliabilities Totaladjustments Netcashprovidedbyoperatingactivities Cashflowsfromnoncapitalfinancingactivities: Cashreceivedfromotherfunds Cashpaidtotherfunds Transferfromotherfunds Transfertotherfunds Netcashusedfornoncapitalf'mancingactivities Cashflowsfromcapitalandrelatedfinancingactivities: Principalpaidonrevenuebonds Interestandpayingagentfespaidonrevenuebonds Purchaseofproperty,plantandequipment Increaseincustomers'deposits Procedsfromwatergrant Netcashusedforcapitalandrelatedfinancingactivities Cashflowsfrominvestingactivities: Interestreceivedoninterest-bearingdeposits Netdecreaseincashandcashequivalents Cash,cashequivalentsandrestrictedcash,beginingofperiod Cash,cashequivalentsandrestrictedcash,endofperiod $1,173$(15,835) 140,481142,390 1,930 (132) (7,896) (29,676) 1,85 106,562 (1,95) (2,451) 2,857 (9,347) (361) 151,093 42,67 (1,810) 27,634 40,973 (165,571)(128,025) (97,080)(87,052) (51,0) (73,831) (137,063) 6, ,063 (18,048) 1,49 (105,94) 18,625 $82,681 (48,0) (62,082) (37,460) 3,90 380,154 (103,48) 3,707 (51,575) 240,20 $18,625 (continued)

15 TOWNOFMELVILE,LOUISIANA ComparativeStatementofCashFlows- YearsEndedSeptember30,203and202 ProprietaryFundType(Continued) Reconciliationofcashandcashequivalentsperstatementofcash flowstothebalanceshet: Cashandcashequivalents,beginingofperiod- Cashandcashequivalents,endofperiod- Interest-bearingdeposits-restricted $!8,625$240,20 Interest-bearingdeposits-restricted 82,68118,625 Netdecrease $(105,94) Theacompanyingnotesareanintegralpartofthistatement. 1

16 TOWNOFMELVILE,LOUISIANA NotestoFinancialStatements SumaryofSianificantAcotmtin~Policies TheTownoperatesunderaMayor-BoardofAldermenformofgovernment. TheTownofMelvilewasincorporatedin191undertheprovisionsoftheLawrasonAct. acountingprinciplesasaplicabletogovernments.suchacountingandreportingproceduresalso conformtotherequirementsoflouisianarevisedstatutes24:517andtotheindustryauditguide, TheacountingandreportingpoliciesoftheTownofMelvileconformtogeneralyacepted Thefolowingisasumaryofcertainsignificantacountingpolicies: dependentonthetownexecutiveandlegislativebranches(themayorandboardof Aldermen).ControlbyordependenceontheTownwasdeterminedonthebasisof Thisreportincludesalfundsandacountgroupswhicharecontroledbyor budgetadoption,taxingauthority,authoritytoisuedebt,electionorapointmentof governingbody,andothergeneraloversightresponsibility. organizationsthatareincludedaspartofthetown. Basedontheforegoingcriteria,therearenocomponentunitgovernmental acountgroups,eachofwhichisconsideredaseparateacountingentity.the operationsofeachfundareacountedforwithaseparatesetofself-balancing TheacountsoftheTownofMelvitleareorganizedonthebasisofundsand acountsthatcompriseitsasets,liabilities,fundequity,revenues,andexpenditures,or expenses,asapropriate.governmentresourcesarealocatedtoandacountedforin individualfundsbaseduponthepurposesforwhichtheyaretobespentandthemeans bywhichspendingactivitiesarecontroled.acountgroupsareareportingdevice usedtoacountforcertainasetsandliabilitiesofthegovernmentalfundsnotrecorded directlyinthosefunds.thetownhasthefolowingfundtypesandacountgroups: GovementalFundTypes- GeneralFund acountforalf'mancialresourcesexcepthoserequiredtobeacountedforinanother TheGeneralFundisthegeneraloperatingfundoftheTown.Itisusedto fund. SpecialRevenueFunds sources(otherthanexpendabletrustsormajorcapitalprojects)thatarelegaly Specialrevenuefundsareusedtoacountfortheprocedsofspecificrevenue restrictedtoexpendituresforspecificpurposes. 12

17 NotestoFinancialStatements(Continued) TOWNOFMELVILE,LOUISIANA DebtServiceFunds andthepaymentof,generalong-termdebtprincipal,interest,andrelatedcosts. Debtservicefundsareusedtoacountfortheacumulationofresourcesfor ProprietaryFundType- EnterpriseFund operatedinamanersimilartoprivatebusinesenterprises-wheretheintentofthe Enterprisefundsareusedtoacountforoperations(a)thatarefinancedand governingbodyisthathecosts(expenses,includingdepreciation)ofprovidingods orservicestothegeneralpubliconacontinuingbasisbefinancedorecovered primarilythroughusercharges;or(b)wherethegoverningbodyhasdeidedthat periodicdeterminationofrevenuesearned,expensesincured,and/ornetincomeis apropriateforcapitalmaintenance,publicpolicy,managementcontrol, acountability,orotherpurposes.thetownapliesalaplicablefasb pronouncementsisuedaternovember30,1989inacountingandreportingforits enterprisefund.thetown'senterprisefundistheutilityfund. AcountGroups- GeneralFixedAsetsAcountGroup generalfixedasetsacquiredprincipalyforgeneralpurposesandexcludesfixedasets intheenterprisefund. Thisisnotafundbutratheranacountgroupthatisusedtoacountfor GeneralLong-TermDebtAcountGroup outstandingprincipalbalancesofgeneralobligationbondsandothertong-termdebt Thisisnotafundbutratheranacountgroupthatisusedtoacountforthe C.BasisofAcounting notreportedinproprietaryfunds. recognizedintheacountsandreportedinthefinancialstatements.basisof acountingrelatestothetimingofthemeasurementsmade,regardlesofthe Basisofacountingreferstowhenrevenuesandexpendituresorexpensesare measurementfocusaplied. acrualbasisofacounting.theirevenuesarerecognizedwhentheybecome measurableandavailableasnetcurentasets..alofthetown'sgovernmentalfundsareacountedforusingthemodified

18 TOWNOFMELVILE,LOUISIANA NotestoFinancialStatements(Continued) Colectorandarerecognizedasrevenueathatime.Advaloremtaxesarerecognized asrevenueintheyearbudgeted,thatis,intheyearinwhichsuchtaxesarebiledto Salestaxesareconsidered"measurable"wheninthehandsoftheSalesTax taxpayers.anticipatedrefundsofsuchtaxesarerecordedasliabilitiesandreductions ofrevenuewhentheyaremeasurableandtheirvaliditysemscertain.othermajor revenuesthatareconsideredsusceptibletoacrualincludearnedgrantrevenuesand otherintergovernmentalrevenues,chargesforservicesandinterestoninterest-bearing deposits.franchisefes,licensesandpermits,andfinesarerecognizedwhenreceived becausetheyarenotobjectivelymeasurable. acountingwhentherelatedfundliabilityisincured.principalandinterestongeneral long-termdebtisrecognizedwhendueandpurchasesofvariousoperatingsupliesare Expendituresaregeneralyrecognizedunderthemodifiedaecrualbasisof regardedasexpendituresathetimepurchased. wherebyrevenuesarerecognizedwhentheyarearnedandexpensesarerecognized whenincured.unbiledutilityservicereceivables,resultingfromutilityservices Theproprietaryfundisacountedforusingtheacrualbasisofacounting renderedbetwenthedateofmetereadingandbilingandthendofthemonth,were D notrecordedatyearend. TheTownfolowstheseproceduresinestablishingthebudgetarydatareflectedinthe financialstatements: TheTownClerkpreparesaproposedoperatingbudgetforthefiscal yearandsubmitsitothemayorandboardofaldermenotlaterthan fiftendayspriortothebeginingofeachfiscalyear. Asumaryoftheproposedbudgetispublishedandthepublicnotified thatheproposedbudgetisavailableforpublicinspection.athesame time,apublichearingiscaled. Apublichearingisheldontheproposedbudgetatleastendaysafter publicationofthecalforthehearing. Aftertheholdingofthepublichearingandcompletionofalaction necesarytofinalizeandimplementhebudget,thebudgetisadopted throughpasageofaresolutionpriortothecomencementofthefiscal yearforwhichthebudgetisbeingadopted. Budgetaryamendmentsinvolvingthetransfersofundsfromone department,programorfunctiontoanotherorinvolvingincreasesin expendituresresultingfromrevenuesexcedingamountsestimated requiretheaprovaloftheboardofaldermen. Albudgetaryapropriationslapseathendofthefiscalyear 14

19 TOWNOFMELVILE,LOUISIANA NotestoFinancialStatements(Continued) Budgetsforalfundsareadoptedonabasisconsistentwithgeneraly originalyadoptedorasfinalyamendedbytheboardofaldermen. aceptedacountingprinciples(gap).budgetedamountsareas apropriations. Suchamendmentswerenotmaterialinrelationtotheoriginal F Interest-bearingdepositsarestatedatcost,whichaproximatesmarket. highlyliquidinvestmentswithamaturityofthremonthsorleswhenpurchasedtobe Forpurposesofthestatementofcashflows,theEnterpriseFundconsidersal G.DueT~ cashequivalents. recordedbyalfundsafectedintheperiodinwhichtransactionsarexecuted. Interfundreceivablesandpayablesarisefrominterfundtransactionsandare H.RestrictedAsets maintainprescribedamountsofresources(consistingofcashandtemporary TheUtilityFund,basedoncertainbondcovenants,isrequiredtoestablishand investments)thatcanbeusedtoserviceoutstandingdebt. FixedAsets expendituresinthegovernmentalfundtypeswhenpurchased.thetownhaselected areacountedforinthegeneralfixedasetsacountgroupandarerecordedas Fixedasetsusedingovernmentalfundtypeoperations(generalfixedasets) notocapitalizepublicdomain("infrastructure")fixedasetsconsistingofcertain improvementsotherthanbuildings,includingroads,bridges,curbsandguters,strets providedongeneralfixedasets. andsidewalks,drainagesystems,andlightingsystems.nodepreciationhasben asetormaterialyextendtheaset'slifearenotincludedinthegeneralfixedasets acountgrouporcapitalizedintheproprietaryfund. Thecostsofnormalmaintenanceandrepairsthatdonotadtothevalueofthe costifactualhistoricalcostisnotavailable.donatedf'lxedasetsarestatedatheir estimatedfairmarketvalueonthedatedonated.estimatedamountsareimaterialin Alpurchasedfixedasetsarestatedathistoricalcostorestimatedhistorical relationtototalfixedasets. 15

20 TOWNOFMELVILE,LOUISIANA NotestoFinancialStatements(Continued) maintenance"measurementfocus,andalasetsandaliabilities(whethercurentor noncureut)asociatedwithitsactivityareincludedonitsbalanceshet. Theproprietaryfundisacountedforonacostofservicesor"capital chargedasanexpenseagainstitsoperations.depreciationhasbenprovidedoverthe estimatedusefulivesusingthestraight-linemethod.thestimatedusefulivesareas Depreciationofalexhaustiblefixedasetsusedbytheproprietaryfundis folows: Gasandwaterlines Gasandwaterequipment 30years Oficequipmentandfurniture Sewerandsewerlines 7-10years 5-10years 50years DebtAcountGroup.Long-termliabilitiesforcertainrevenuebondsarereportedin theutilityfund. Long-termobligationsoftheTownarereportedintheGeneralLong-Term K.BadDebts receivablesarerecognizedasbedebtsathetimeinformationbecomesavailable Uncolectibleamountsdueforadvaloremtaxesandcustomers'utility whichwouldindicatetheuncolectibilityoftheparticulareceivable.althoughthe specificharge-ofmethodisnotinconformitywithgeneralyaceptedacounting principles(gap),noalowanceforuncolectiblereceivableswasmadedueto imaterialityatseptember30,203and202. theirlengthofemployment.sickleaveisacumulatedatonedaypermonthuptoa Townemployesarentitledtocertaincompensatedabsencesbasedupon maximumoftendaysperyearandthirtydaysintotal.employesarenotpaidfor acumulatedsickleaveathetimeofseparationfromemploymentwiththetown. Fivedaysofanualeavearearnedontheaniversarydateofemploymentforeach ful-time,permanentemployewithlesthenfivefulyearsofservicewiththe municipality.tendaysofanualeavearearnedbysuchemployesaiderfiveful yearsofservice.employesmaynotcaryoveroracumulateanualeavefromone aniversarydatetoanother.amountsofvestedoracumulatedcompensatedabsences atseptember30,203and202arenotrecordedasliabilitiesduetoimateriality.

21 TOWNOFMELVILE,LOUISIANA NotestoFinancialStatements(Continued) M fromborowingsinthecourseoftheconstructionofixedasets.therewasno interestcapitalizedatseptember30,203and202duetoimateriality. ItisthepolicyoftheTowntocapitalizematerialamountsofinterestresulting N.TotalColumnsonCombinedStatements-Overview MemorandumOnlytoindicatethatheyarepresentedonlytofacilitatefinancial analysis.datainthesecolumnsdonotpresentfinancialposition,resultsofoperations, TotalcolumnsontheCombinedStatements-Overviewarecaptioned orcashflowsinconformitywithgeneralyaceptedacountingprinciples.neitheris suchdatacomparabletoaconsolidation.interfundeliminationshavenotbenmadein theagregationofthisdata. acompanyingfinancialstatementsinordertoprovideanunderstandingofchangesin thetown'sf'maneialpositionandoperations.however,comparative(i.e.,presentation Comparativetotaldatafortheprioryearhavebenpresentedinthe ofprioryeartotalsbyfundtype)datahavenotbenpresentedineachofthe statementsincetheirinclusionwouldmakethestatementsundulycomplexand dificultoread. comitmentsforthexpenditureofmoniesarerecordedinordertoreservethat portionoftheaplicableapropriation,isnotemployedasanextensionoformal Encumbranceacounting,underwhichpurchaseorders,contracts,andother budgetaryintegrationinthefunds. (2) lawsofthestateoflouisiana,thelawsofanyotherstateintheunion,orthelawsoftheunited Understatelaw,theTownmaydepositfundswithinafiscalagentbankorganizedunderthe States.TheTownmayinvestincertificatesandtimedepositsofstatebanksorganizedunder LouisianalawandnationalbankshavingprincipaloftiesinLouisiana.AtSeptember30,203,the Townhadcashandinterest-beatingdeposits(bokbalances)totaling$9,126,asfolows: Demandeposits Moneymarketacounts $1,736 Total $9,126 87,390 17

22 TOWNOFMELVILE,LOUISIANA NotestoFinancialStatements(Continued) deposits,(ortheresultingbankbalances)mustbesecuredbyfederaldepositinsuranceorthepledge ofsecuritiesownedbythefiscalagentbank.themarketvalueofthepledgedsecuritiesplusthe Thesedepositsarestatedatcost,whichaproximatesmarket.Understatelaw,these federaldepositinsurancemustataltimesequaltheamountondepositwiththefiscalagentbank. thatismutualyaceptabletobothparties.depositbalances(bankbalances)atseptember30,203 Thesesecuritiesareheldinthenameofthepledgingfiscalagentbankinaholdingorcustodialbank aresecuredasfolows: Bankbalances Federaldepositinsurance $91,237 Pledgedsecurities(Category3) 91,237 Totalfederalinsuranceandpledged securities securitiesareheldbythebrokerordealer,orbyitstrustdepartmentoragent,butnotinthetown's name.eventhoughthepledgedsecuritiesareconsidereduncolateralized(category3),louisiana PledgedsecuritiesinCategory3includeuninsuredorunregisteredinvestmentsforwhichthe RevisedStatute39:129imposesastatutoryrequirementonthecustodialbanktoadvertiseandsel thepledgedsecuritieswithin10daysofbeingnotifiedbythetownthathefiscalagenthasfailedto paydepositedfundsupondemand. TaxesareleviedbytheTowninSeptemberorOctoberandareactualybiledtotaxpayersin December.BiledtaxesbecomedelinquentonJanuaryIofthefolowingyear.TheTownbilsand AdvaloremtaxesatachasanenforceablelienonpropertyasofJanuary1ofeachyear. colectsitsownpropertytaxesusingtheasesedvaluesdeterminedbythetaxasesorofst. LandryParish.Propertytaxrevenuesarerecognizedwhenleviedtothextenthatheyresultin curentreceivables. asesedvaluationstotaling$2,171,0andwerededicatedasfolows: FortheyearendedSeptember30,203,taxesof15.45milswereleviedonpropertywith Generalcorporatepurposes Debtservice 7.52mils Totaltaxesleviedwere$3,542.UncolectedadvaloremtaxesatSeptember30, mils amountedto$3,738.

23 TOWNOFMELVILE,LOUISIANA NotestoFinancialStatements(Continued) (4) InterfundreceivablesandpayablesatSeptember30,203areasfolows: GeneralFund Reivables lnterfund Interfund SpecialRevenueFunds- $43,535 Payables $1,81o DebtServiceFund- 1982SalesTaxFund 14,269 17,709 EnterpriseFund SalesTaxBonds08/14/91 14,868 1,810 Totals $74,482 (5) folowing: AmountsduefromothergovernmentalunitsatSeptember30,203consistedofthe AmountduefromSt.LandryParishforthepaymentinlieuoftaxesforthefiscalyear endingseptember30,203 AmountduefromLouisianaComisiononLawEnforcementforlawenforcement $910 equipmentgrant. AmountduefromStateofLouisianaDivisionofAdministrationforeimbursement owedforexpensesincuredthroughseptember30,203onfederallcdbgwater improvementproject. $6,373 4,50

24 (6) (7) TOWNOFMELVILE,LOUISIANA NotestoFinancialStatements(Continued) RestrictedAsets-PronrietarvFundTvoe RestrictedasetsconsistedofthefolowingatSeptember30: Gasbondandinterestsinkingfund Sewerbondandinterestsinkingfund Gasbondreservefund Sewerbondreservefund Gasbondepreciationandcontingencyfund Sewerbondepreciationandcontingencyfund Customers'deposit Totals Asumaryofchangesingeneralfixedasetsfolows: Land Buildings Equipment Totalgeneralfixedasets folows: $92,159 46, , $ , , ,785 $20, ,767 45,52 18,020 2,767 34,02 AditionsDeletions09/30/03 $92,159 46, ,97 Asumaryofproprietaryfundtypeproperty,plantandequipmentatSeptember30,203 Gasystemandimprovements Watersystemandimprovements Sewersystemandimprovements Constructioninprogres Les:Acumulatedepreciation Netproperty,plantandequipment 20 $1,416,192 1,040,354 3,452, ~47~315 (2,28,204~

25 TOWNOFMELVILE,LOUISIANA NotestoFinancialStatements(Continued) (8) theyearendedseptember30,203: Thefolowingisasumaryofgeneralong-termdebtactivityoftheTownofMelvilefor Obligation General Generalong-termdebt Bonds Revenue Bonds Total payable,september30,202 Aditions Generalong-termdebt Reductions $310,390$9,0$1,309,390 payable,september30,203 Long-termdebtpayableatSeptember30,203iscomprisedofthefolowingindividual $269,930$948,0$1,217,930

26 (9) TOWNOFMELVILE,LOUISIANA NotestoFinancialStatements(Continued) TheanualrequirementstoamortizealdebtoutstandingasofSeptember30,203,including interestpaymentsof$69,052,areasfolows: YearEnding September30, f General Obligation Bonds $54,53 54,53 54,53 54,53 54,53 7,87 Revenue Bonds Total $109,729$ 109,86 10,83 109,578 10,201 34, , , , , , , , , $350,642$1,56,340$1,916,982 UnderthetermsofthebondagrementsonoutstandingMunicipalGasSystemrevenuebonds dateddecember20,1982,andoutstandingmunicipalsewersystemrevenuebondsdatedjuly25, 1983,alrevenuesderivedfromoperationoftheUtilitySystemwilbepledgedandedicatedtothe retirementofsaidbondsuponcompletionofthegasandsewerprojectsandaretobesetasideintothe folowingfunds: Oneachbondisue,eachmonththerewilbesetasideintoarevenuebondandinterest sinkingfundacountanamountconsistingof1/12ofthenextinstalmentofprincipalandintereston theoutstandingbonds.suchpaymentsmustbemadeonorbeforethe20thdayofeachmonthto asurethepromptpaymentoftheprincipalandinterestinstalmentsastheybecomedueandmaybe usedonlyforsuchpayments. Comencingwiththefirstmonthinwhichthegasandsewerprojectshavebencompleted, 5%oftheamountobepaidintothesinkingfundacounteachmonthmustbedepositedintoa reserveacountuntilthegasreservefundhasabalanceof$43,70andthesewereservefundhasa balanceof$71,245. Also,comencingwiththefirstmonthinwhichthegasandsewerprojectshaveben completed,$179shalbedepositedeachmonthintoagasdepreciationandcontingencyfund,and $284shalbedepositedeachmonthintoasewerdepreciationandcontingencyfund. TheTownofMelviledidnotcomplywithitsbondagrementsfortheyearendedSeptember 30,203.TheTowndidnotmakealitsmonthlytransfersintotherestrictedacountsasrequiredby thebondindentures.aditionaly,asrequiredbythegasandsewerbondagrementswiththeunited StatesDeparlmentofAgriculture,theTowndidnotcolectrevenuesuficientoprovidefundsfor operationandebtservicerequirements.

27 NotestoFinancialStatements(Continued) TOWNOFMELVILE,LOUISIANA (io) cationofprocedsandflowoffunds-salesandusetaxes thetownonseptember1,1982,renewedonnovember15,20fortenyearsand Procedsofa1percentsalesandusetaxoriginalyaprovedbythevotersof leviedbythetownofmelvile(203colections$51,98i;202colections$56,765) arededicatedtothefolowingpurposes: maintenanceandimprovementofthenaturalgasdistributionsystemandwatersystem ProvidingfireprotectiontotheTown;providingfortheoperation, B ofthetown;andpayingeneraloperatingexpensesofthetown. November18,1989andleviedbytheTownofMelvileforaperiodoftwentyears Procedsofa1.2percentsalesandusetaxaprovedbyvotersoftheTownon fromthedateofthefirstlevyofthetax(203colections$63,532;202colections $69,737)arededicatedtothefolowingpurposes: thetownandmaintainingandoperatingsewersandseweragedisposalfacilitiesofthe Town. Constructing,improving,andmaintainingpublicstretsandbridgeswithin (1) anditsemployescontributeapercentageofeachemploye'salarytothesystem(7.65percent contributedbythetownand7.65percentbythemploye).thetown'sconlxibutionsduringthe AlemployesoftheTownofMalvileparticipateintheSocialSecuritysystem.TheTown yearsendedseptember30,203,202and201amountedto$16,940,$18,194and$17,903, respectively. CypresGasPipelineCompany.DuringthefiscalyearendedSeptember30,203theTown'snatural gaspurchasesamountedto$123,59. Underacontractrenewedanualy,theTownofMelvilepurchasesitsnaturalgasfrom

28 TOWNOFMELVILE,LOUISIANA NotestoFinancialStatements(Continued) (14) providegas,water,andsewerservices.segmentinformationfortheyearendedseptember30,203 wasasfolows: TheTownofMelvilemaintainsthreutilitydepartmentswithinitsenterprisefundthat Operatingrevenues Department Water Operatingexpenses: $109,626 Department Sewer Enterprise Total $91,59 $46,85 Fund Depreciation Other 39,38 Totaloperatingexpenses 198,752 32, ,090 83,604 68,987 15,760 42, ,481 Operatingincome(los) $27,580$(6,134)$(20,273) 1, ,201 $1,17:3 465,682 Town'slegalcounselandelectedoficialsareoftheopinionthatanyunfavorableoutcomewilbe coveredbyinsurance. AtSeptember30,203,theTownwasinvolvedinseveralawsuitsclaimingdamages.The recognizedascontributedcapital.contributedcapitalgeneratedthroughgrantsexternalyrestricted AmountscontributedtotheEnterpriseFundforacquisitionorconstructionofixedasetsare forcapitalacquisitionsisamortizedbasedonthedepreciationrecognizedonthatportionoftheasets acquiredorconstructedfromsuchgrants.thisdepreciationiselosedtotheapropriatecontributed capitalacountandisreflectedasanadjustmentonetincomeonthecomparativestatementof Revenues,Expenses,andChangesinRetainedEarnings. Fundareasfolows: ThesourcesofcontributedcapitalusedtoacquireandconstructfacilitiesoftheEnterprise Totalcontributedcapital Municipality Les:Acumulatedamortization $72,451 Federal/State $4,370,356$4,42,807 Grants Netcontributedcapital $2,918,187$2,90,638 (1,452,169) 24

29 TOWNOFMELVILE,LOUISIANA NotestoFinancialStatements(Continued) (17) September30,203folows: AdetailofcompensationpaidtotheMayorandBoardofAldermenfortheyearended WilieC.HaynesIl Aldermen: $4,50 ChrisBarker AlexDugas 650 EstherJohnson JosephMartin SamuelMorow 90 LauraMouile LaurenceNaquin DeniseOliney VirginiaWhitington 1,20 750

30 SUPLEMENTALINFORMATION 26

31 SCHEDULESOFINDIVIDUALFUNDS AND ACOUNTGROUPS 27

32 GENERALFUND Toacountforesourcestraditionalyasociatedwith.governmentswhicharenotrequiredtobeacounted forinanotherfund. 28

33 TOWNOFMELVILE,LOUISIANA GeneralFund September30,203and202 ComparativeBalanceShet Cash Receivables- ASETS Advaloremtaxes $5,050$3,783 Duefromotherfunds Duefromothergovernmentalunits Other 43,535 1,821 1,873 1,179 17,709 1,643 1,039 2,149 TotalasetsLIABILITIESANDFUNDBALANCE Liabilities Aeountspayable Otheracruedliabilities $4,306 Duetotherfunds Totaliabilities 4,23 Fundbalance 50,349 1,810 $21,251 1,823 23,074 Unreserved-undesignated Totaliabilitiesandfundbalance 3,109 3,249 $53,458$26,323

34 TOWNOFMELVILE,LOUISIANA GeneralFund StatementofRevenues,Expenditures,andChangesinFundBalance- Budget(GAPBasis)andActual YearEndedSeptember30,203 WithComparativeActualAmountsFortheYearEndedSeptember30,202 Revenues: Taxes Licensesandpermits Intergovernmantal Finesandforfeits Miscelaneous Totalrevenues Expenditures: Curent- Generalgovernment Publicsafety: Police Fire Highwaysandstrets Cultureandrecreation Capitaloutlay Totalexpenditures Deficiencyofrevenues overexpenditures Otherfinancingsources(uses) Operatingtransfersin Operatingtransfersout Totalotherfinancingsources(uses) Deficiencyofrevenuesand othersourcesoverexpenditures andotheruses Fundbalance,begining Fundbalance,ending 203 $21,250 31,0 50,278 10,50 2,50 135, ,40 101,30 1,50 52,406 3,950 Actual $20,196 23,872 52,569 10,51 17, ,680 16,756 78,939 8,657 5,171 3, ,56263,104 Variance- Favorable (Unfavorable) $(1,054) (7,128) 2, (5,08) (10,848) 7,64 2,361 2,843 (2,765) Actual $19,246 26,150 85,813 13,207 27,56 171, ,974 8,671 6,097 50,841 2,749 31,578 28,910 15,0 15,0 15,0 (16,716) 138,284 (3,028) (140) 3,249 3,249 $21$3, (16,716) (16,716) 2,8 108,025 (13,48) 94,57 (2,361) 25,610 $3,249

35 TOWNOFMELVILE,LOUISIANA GeneralFund WithComparativeActualAmountsfortheYearEndedSeptember30,202 StatementofRevenues-Budget(GAPBasis)andActual YearEndedSeptember30, Taxes: Actual Advalnremtax (Unfavorable) Variance- Favorable Actual Franchisefes: $16,250$16,193$(57)$15, CableTV Totaltaxes 21,250 5,0 20,196 4,03 Licensesandpermits: (1,054) (97) 19,246 3,870 Intergovemental: Ocupational 31,023,872 (7,128) U.S.DepartmentofJustice- FederalEmergencyManagementAgency- COPS-UniversalHiringGrant StateofLouisiana- Huricanereliefgrant Bertaxes 12,427 Videopoker 2,250 14,021 DOTI)grant St.LandryParishHousingAuthority RuralDevelopmentGrant 23,651 9,750 1,82 21,274 1,594 23,651 9,373 (428) Totalintergovernmental 50,278 1,10 2,792 (37) 1,717 23,651 52, ,739 9,393 85,813 1,039 Finesandforfeits Miscelaneous: Rentonbuildings Donations Insuranceproceds 17,0 OtherTotalmiscelaneous 5,50 2,50 16, ,207 (405) 17,05 2,359 17, (4,603) 4,630 (5,08) 27,56 3,562 Totalrevenues $135,528$124,680$(10,848)$171,972

36 TOWNOFMELVILE,LOUISIANA GeneralFund StatementofExpenditures-Budget(GAPBasis)andActual YearEndedSeptember30,203 WithComparativeActualAmountsFortheYearEndedSeptember30,202 Generalgovernment: Salaries-mayorandaldermen Othersalariesendwages Payroltaxes Insurance Dues Oficexpenditures Profesionalfes Utilities Telephone Repairsandmaintenance Suplies Comunityactivities Miscelaneous Electionexpenses Coronerfes Totalgeneralgovernment Publicsafety: Policedepartment- Salaries Payroltaxes Insurance Autoexpenditures Maintenanceandsuplies Miscelaneous Statefeonfines Prisoners'meals Totalpolicedepartment Firedepartment- Autoexpenditures Maintenanceandsuplies Miscelaneous Totalfiredepartment Totalpublicsafety 203 $10,50 35,0 3,70 7,0450 3,50 3,0 8,70 5,0 3,0 6,0 3,0 2,750 2, ,40 57,20 5,40 16,750 I1,0 7,0 1,750 1,0 1,20 101,30 3,50 7,0 1,0 1,50 12,80 32 Actual $10,20 35,07 4,563 6, ,489 32,59 2,518 6,401 2,49 5,949 2,484 2,321 1, ,756 36,594 3,121 2,089 10,085 3,70 1, ,129 78,939 3,351 5,296I0 8,657 87,596 Variance- Favorable (Unfavorable) $30(7) (863) 81(125) ,182 (1,401) O 20,606 2,279 (5,39) 915 3, , , ,843 25, Actual $10,90 38,94 3,530 6, ,24 18,735 2,25 8,301 3,720 6,315 2,36 3,521 1, ,974 39,409 4,17 2,629 1,693 7, ~076 8, , ,097 94,768 (continued)

37 TOWNOFMELVILE,LOUISIANA GeneralFund StatementofExpenditures-Budget(GAPBasis)andActual(Continued) WithComparativeActualAmountsFortheYearEndedSeptember30,202 YearEndedSeptember30, Actual Variance- Highwaysandstrets: (Unfavorable) Favorable 202 Actu~ Contractlabor Salaries ]nsgr~ce Repairsandmaintenance $9, Equipmentmaintenance 2,0 $18, $(8,797) Miscelaneous 14,056 24,084 (1) 91 Totalhighwaysandstrets 52,406 5,40 10,98743 (2,084) $19, ,069 16,508 5,171 4,967 12,056 (2,765) 50,841 1,813 Cultureandrecreation:

38 SPECIALREVENUEFUNDS 1982SalesTaxFund ToacountforthereceiptanduseofprocedsoftheTown's1%salesandusetax.Thesetaxesare ~ dedicatedtothepurposesofprovidingfireprotectiontothetown;providingfortheoperation, maintenanceandimprovementstothenaturalgasdistributionsystemandwatersystemofthetown; andpayingeneraloperatingexpensesforthetown. 1989SalesTaxFund Toacountforthereceiptanduseofpr0cedsoftheTown's1.2%salesandusetax.Thesetaxesare dedicatedtothepurposesofconstnlcting,improvingandmaintainingpublicstretsandbridgeswithin thetownandmaintainingandoperatingsewersandseweragedisposalfacilitiesofthetown.

39 TOWNOFMELVILE,LOUISIANA SpecialRevenueFunds CombiningBalanceShet WithComparativeTotalsforSeptember30,202 September30, Sales Tax 1989Sales Tax ASETS Cash Interest-bearingdeposits Duefromotherfunds $6,401 14,269 $- 92 $6,401$8,71 14, , Totalasets $20,670 $92$21,592$2,0 LIABILITIESANDFUNDBALANCES Liabilities: Otheracruedliabilities Duetotherfunds $1,984 Totaliabilities 17,709 $1,984 19,693 17,709 19,693 $891 17,709 18,60 Fundbalances: Unreserved,undesignated Totalfundbalances ,89 3,40 Totaliabilitiesandfundbalances $20,670$92$21,592$2,0 35

40 TOWNOFMELVILE,LOUISIANA SpecialRevenueFunds CombiningStatementofRevenues,Expenditures,andChangesinFundBalances WithComparativeTotalsFortheYearEndedSeptember30,202 YearEndedSeptember30, SalesTax SalesTax Totals 202 Revenues: Taxes Miscelaneous- Interest $51,981 $63,532 $15,513$126,502 OtherTotalrevenues 8, ,204 63, ,73613,179 8,23 6,673 Expenditures: Curent- Generalgovernment Publicsafety: 12, ,425 Highwaysandstrets Police Cultureandrecreation Fire 47,132 2,354 1,28 47,132 Capitaloutlay- 3,121 2,354 1,28 51,687 3,121 18,828 9,61 1,728 2,75 Totalexpenditures 86, ,320 85, Exces(deficiency)ofrevenues overexpenditures (26,361)62,7 36,416 48,050 Otherf'mancingsources(uses): Operatingtransfersin Operatingtransfersout Totalotherfinancingsources(uses) (132,796)(62,78)(195,584)(107,02) 157,67 157,67 59,845 24,871(62,78)(37,917)(47,17) Exces(deficiency)ofrevenuesand othersourcesoverexpenditures andotheruses Fundbalances,begining (1,490) 2,467 (1) (1,501~ ,40 2,527 Fundbalances,ending $97 $92 $1,89$3,40 36

41 TOWNOFMELVILE,LOUISIANA SpecialRevenueFund 1982SalesTaxFund StatementofRevenues,Expenditures,andChangesinFundBalance- Budget(GAPBasis)andActual YearEndedSeptember30,203 WithComparativeActualAmountsFortheYearEndedSeptember30,202 Revenues: Taxes-salestaxes Miscelaneous- OtherTotalrevenues Expenditures: Curent- Generalgovernment Publicsafety: Police Fire Highwaysandstrets Cultureandrecreation Capitaloutlay Totalexpenditures Deficiencyofrevenues overexpenditures Otherfinancingsources(uses): Operatingtransfersin Operatingtransfersout TotalotherFmancingsources(uses) Exces(deficiency)ofrevenues andothersourcesover expendituresandotheruses Fundbalance,begining Fundbalance,ending 203 $50,0 9,765 59,765 8,20 64,525 26,60 1,70 1,0 Actual $51,981 8,23 60,204 12,670 47,132 2,354 1,28 3,121 Variance- Favorable (Unfavorable) $1,981 (1,542) 439 (4,470) 17,393 4, (2,121) 202 Actual $56,765 6,673 63,438 8,917 51,687 18,828 1,728 2, ,435 (42,260)(26,361) 15,89(20,97) 40,50 40~50 157,67 (132,796) 24,871 (1,760)(1,490) 2,467 2,467 $707$ ,167 (132,796) (15,629) 270 $270 59,845 (37,973) 21, ,592 $2,467

42 TOWNOFMELVILE,LOUISIANA SpecialRevenueFund 1982SalesTaxFund WithComparativeActualAmountsFortheYearEndedSeptember30,202 StatementofExpenditures-Budget(GAPBasis)andActual YearEndedSeptember30, Variance- Actual Expenditures: (Unfavorable) Favorable Actual 202 Curent- Generalgovernment: Profesionalfes Oficexpenditures Utilities Colectionfes $4,02050 $8,254 Totalgeneralgovernment 3, $(4,254) 8,20 3,807 2O0 (109) 12,670 (307) $4, Publicsafety: (4,470) 3,362 8,917 Policedepartment- Salaries Payroltaxes Insurance 57,20 Maintenanceandsuplies 5, ,760 Autoexpenditures 10 3, ,40 1,85 46,137 Totalpolice 64,525 1,0 (2)10 3, , ,393 51, Firedepartment- Insurance Autoexpenditures 14,0 Maintenanceandsuplies 2,0 14,486 1,537 (486) 463 Utilities Miscelaneous Totalfiredepartment 26,60 9, , ,354 4, , ,276 4,246 (15) ,828 1,794 (continued) 38

43 TOWNOFMELVILE,LOUISIANA SpecialRevenueFund 1982SalesTaxFund StatementofExpenditures-Budget(GAPBasis)andActual(Continued) WithComparativeActualAmountsFortheYearEndedSeptember30,202 YearEndedSeptember30, Variance- Highwaysandstrets: Actual (Unfavorable) Favorable 202 Actual Materials Maintenanceofequipment $1,0$1,08 Totalhighwaysandstrets $(8) $ ,728 Cultureandrecreation: Utilities 2,75 CapitalOutlay: Publicsafety- Equipment 39

44 TOWNOFMELVILE,LOUISIANA SpecialRevenueFund StatementofRevenues,Expenditures,andChangesinFundBalance- 1989SalesTaxFund WithComparativeActualAmountsFortheYearEndedSeptember30,202 Budget(GAPBasis)andActual YearEndedSeptember30, Actual Variance- Revenues: (Unfavorable) Favorable 202 Actual Taxes-salestaxes Miscelaneous- $62,0$63,532 $1,532 $69,737 Interest Totalrevenues 62,063,532 1,532 69,741 4 Expenditures: Curent- Generalgovernment: Colectionfes Miscelaneous 620 Totalexpenditures Excesofrevenues overexpenditures 61,28062,7 1,497 69,047 Otherfinancinguses: Operatingtransfersout Exces(deficiency)ofrevenuesover Fundbalance,begining expendituresandotheruses 2, Fundbalance,ending (1) 93 (2,791) 935 (2) $93

45 41 DEBTSERVICEFUNDS GeneralObli~ationBonds08/14/91Fund Toacumulatemoniesforpaymentofthe191$15,0GeneralObligationBonds.Debtservice isfinanced'bythelevyofaspecificadvaloremtax. SalesTaxBonds0814/91Fund Toacumulatemoniesforthepaymentofthe191$450,0SalesTaxBonds.Debtserviceis financedfromthe1989salestaxfundrevenues.

46 TOWNOFMELVILE,LOUISIANA DebtServiceFunds WithComparativeTotalsforSeptember30,202 CombiningBalanceShet September30,203 ObligationSalesTax General ASETS 08/14/9108/14/91 BondsBonds 203 Cash Interest-bearingdeposits Receivables- $-3,787 $285 Totals 202 $285 3,787$2, Duefromotherfunds Advalom 1,917 14,868 1,917 1,731 Totalasets $5,704$15,153$20,857$24,545 LIABILITIESANDFUNDBALANCES Liabilities: Duetotherfunds $- $296$296$296 Fundbalances: Reservedfordebtservice 5,70414,85720,56124,249 Totaliabilitiesandfundbalances $5,704$15,153$20,857$24,545 42

47 TOWNOFMELVILE,LOUISIANA DebtServiceFunds CombiningStatementofRevenues,Expenditures,andChangesinFundBalances WithComparativeTotalsFortheYearEndedSeptember30,202 YearEndedSeptember30,203 ObligationSalesTax General Revenues: 08/14/9108/14/91 BondsBonds 203 Totals 202 Taxes-advalorem Miscelaneous- Interest $16,619 Totalrevenues 109 $16,619$15,691 16,728 16, , Expenditures: Debtservice- Principalretirement Interestandfiscalcharges 8,637 Totalexpenditures 4,742 13,379 31,823 12,784 40,460 4,607 17,526 32,530 57,986 54,52 2,02 Exces(deficiency)ofrevenues overexpenditures Otherfinancingsources(uses): Operatingtransfersin Operatingtransfersout 37,57037,570 Totalotherfinancingsources(uses) 37,57037,570 42,652 (3,0) 39,652 Exces(deficiency)ofrevenuesand othersourcesoverexpenditures Fundbalances,begining andotheruses 3,349(7,037)(3,68) 2,3521,894 24,24923,3 916 Fundbalances,ending $5,704$14,857$20,561$24,249 43

48 TOWNOFMELVILE,LOUISIANA GeneralObligationBonds0g/14/91Fund DebtServiceFund StatementofRevenues,Expenditures,andChangesinFundBalance- WithComparativeActualAmountsFortheYearEndedSeptember30,202 Budget(GAPBasis)andActual YearEndedSeptember30, Actual Variance- Revenues: (Unfavorable) Favorable 202 Actual Taxes-advalorem Miscelaneous- $15,0$16,619 $1,619 $15,691 InterestTotalrevenues 15, , ,618 (1) 15, Expenditures: Debtservice- Principalretirement Interestandfiscalcharges 8,0 Totalexpenditures 13,378 5,378 8,637 13,379 4,742 (637)636 7,248 (1) 13,37 6,129 Otherfinancinguse: Excesofrevenuesoverexpenditures 1,732 3,349 1,617 2,439 Operatingtransferout (3,0) Deficiencyofrevenuesover expendituresandotheruse 1,732 3,349 1,617 (561) Fundbalance,begining 2,35 2,35 2,916 Fundbalance,ending $4,087$5,704 $2,35

49 TOWNOFMELVILE,LOUISIANA SalesTaxBonds08/14/91Fund DebtServiceFund StatementofRevenues,Expenditures,andChangesinFundBalance- WithComparativeActualAmountsFortheYearEndedSeptember30,202 Budget(GAPBasis)andActual YearEndedSeptember30, Actual Variance- Expenditures: (Unfavorable) Favorable Actual 202 Debtservice- Principalretirement Interestandfiscalcharges $26,0 Totalexpenditures 15,175 $31,823 41,175 12,784 $(5,823) 4,607 2,391 $25,282 (3,432) 15,893 41,175 Otherfinancingsources: Operatingtransfersin 10,570 42,652 Exces(deficiency)ofother sourcesoverexpenditures (14,175)(7,037) 10,570 1,47

50 ENTERPRISEFUND Utility.Fund.." Toacountfortheprovisionofgas,.waterandsewerservicestoresidentsoftheTown.Alactivitiesnecesary " toprovidesuchservicesareacountedforinthisfund,including,.butnotlimitedtoadminisi~'ation~.. operations,maintenance,financingandrelatedebtservice,andhilingandcolections~

51 TOWNOFMELVILE,LOUISIANA EnterpriseFund UtilityFund September30,203and202 ComparativeBalanceShet Curentasets: Acountsreceivable ASETS Duefromothergovernmentalunits $43,812$45,742 Othereceivable 4,50 Duefromotherfunds 9,389 83,139 Totalcurentasets ,257 Restrictedasets: Interest-bearingdeposits- Gasbondandinterestsinkingfund Sewerbondandinterestsinkingfund 103 Gasbondreservefund Sewerbondreservefund 61 20,631 Gasbondepreciationandcontingencyfund 36, ,767 Sewerbondepreciationandcontingencyfired Customers'deposits 4,436 45, Totalrestrictedasets ,020 2,767 82,681 18, Plantandequipment,atcost Lesacumulatedepreciation 6,476,315 Netplantandequipment (2,28,204) 4r18,1 (2,147,72) 6,417,891 4,270,169 Totalasets 47 $4,30,303$4,596,932

52 Curentliabilities(payablefromcurentasets) LIABILITIESANDFUNDEQUITY Cashoverdraft Acountspayable Conlractspayable Retainagepayable Duetotherfunds Acruedliabilities Totalcurentliabilitiespayablefromcurentasets Curentliabilities(payablefromrestrictedasets) Revenuebondspayable Acruedinterestpayable Customerdeposits $21,06 49,046 4,50 $28,962 78,72 39,07 54, ,0 4, ,129 3,306 53, ,258 51,0 17,